DEPARTMENT PROFILE

DSK Legal

Restructuring/Insolvency

1 ranked lawyersBand 3IndiaAsia-Pacific 2021 View ranking table
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chambers review
department information
ranked lawyers

Chambers Review

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What the team is known for

Robust restructuring practice which often acts for resolution professionals and liquidators, representing clients before the National Company Law Tribunal. Also advises on the drafting of resolution plans for distressed companies. Handle mandates relating to a range of industries, with particular expertise in infrastructure, steel and energy.

Strengths

One client notes that "they always deliver on time and are precise in their approach. It is a very personal firm with an excellent human element."

Another interviewee attests that "I would feel comfortable taking my most complex cases to DSK Legal."

Work highlights

Acted for the liquidator of SBQ Steels on the debtor's ongoing liquidation process.

Notable practitioners

Ajay Shaw is praised by an interviewee for his "good depth of knowledge on IBC." He often acts on behalf of resolution professionals and liquidators in corporate insolvency proceedings, as well as assisting clients with resolution plans.

Department Information

This content is provided by DSK Legal.

Overview

Restructuring and Insolvency practice requires a strong advisory team with equally strong litigation team as the insolvency resolution process is under the aegis of the National Company Law Tribunal. DSK Legal fares significantly well in this with strong presence in both Mumbai and Delhi. The advisory team is engaged in providing strategy level advice in connection with the options available to the various stakeholders (creditors/ debtors/ shareholders/ promoters) in connection with any default situation. The team has vast experience on dealing with the rectification of the account of the corporate debtor vide contractual arrangement, restructuring of the corporate debtor (vide the formal route i.e. the court process and the informal route i.e. contractual framework), recovery and enforcement of the security for the benefit of the secured creditor, insolvency resolution process and liquidation of the corporate debtor.

The advisory and the litigation team work in close coordination to achieve the objectives of the stakeholder. The advisory team is involved in drawing up a roadmap arising out of the default situation for relevant stakeholders and the litigation team steps into the matter in connection with enforcing the strategy in court, judicial tribunal and arbitral tribunal.

Members

Kumar, Niraj

Shah, Nirav

Shaw, Ajay

Clients

Asset Reconstruction Company of India Limited (ARCIL)

Bank of India (BOI)

BDO Restructuring LLP

Edelweiss Asset Reconstruction Company Limited (EARC)

HDFC

ICICI Prudential

IDBI Bank

IL&FS Services Ltd.

KPMG

Phoenix ARC Private Limited

PWC

State Bank of India (SBI)

Restructuring/Insolvency Department

DSK Legal

firm
Department location

1203-BA, One World Centre, Tower 2B

Floor 12B

841 Senapati Bapat Marg

Elphinstone Road

Mumbai

Maharashtra

India

400 013

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Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

India

Restructuring/Insolvency


Ajay Shaw
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